The use of credit cards will require a strong commitment and also a high discipline, it is related to the pattern of life and also the way we manage finances. When a person does not have good control over the use of a credit card, then it can be ascertained if someday the person will get into debt and have financial difficulties. Here are some points that can be applied in using free credit card effectively:
Limit the Amount
Currently there are many types of credit cards offered by the bank, but of course you will not need all types of cards is not it? Use only one or a maximum of two credit cards, so be sure to recognize your credit card requirements first, so you can find the type of card that is most appropriate for you to use.
Do not use anything that is not beneficial to the maximum, this is also true in credit cards. Using a credit card is meant to simplify and also benefit, so make sure you get both of those from the credit card you use.
Avoid Cash Withdrawal
Credit card is not an ATM card, so you should not use it in ATM machine, meaning do not use for cash withdrawal transaction. This will incur a certain amount of charges in your bill, for every cash withdrawal transaction you will be charged 5% or at least $ 5. Huge amount, isn’t it?
Not only cash withdrawal fees, you will also be charged interest amounting to approximately 3.8% -5 %% of the amount of funds you withdraw from your credit card. Some of these interest will be applied immediately when the cash withdrawal transaction is done, because the bank implements a daily interest rate system on cash withdrawal transactions, in contrast to the interest on the shopping transaction.
Then, when it is decided, what kind of car insurance needs to be taken? First of all, we need to know in advance two types of car insurance as well as advantages and disadvantages. Car insurance is divided into two:
Total Loss Only Car Insurance (TLO )
Literally Total Loss Only means “only if loses total”. Means that insurance claims can only be filed in case of ‘total loss’. In car insurance, the total loss is a damage that occurs above 80% or loss of theft or for plunder. If the damage suffered is less than that, you will not be compensated for damages. The 80% benchmark is taken because the car is definitely not usable. The surplus, Total Loss Only insurance premium is lower than all risk car insurance.
All Risk or Comprehensive Car Insurance
All Risk can be defined as ‘any risk’. This insurance is also called Comprehensive or overall. This means insurance will pay claims for any kind of damage, ranging from minor damage, serious damage, to loss. Unlike the Total Loss Only Car Insurance, a slight blister on the car, insurance will pay insurance claims. It’s just that All Risk car insurance is more expensive than Total Loss Only Car Insurance.
In order not to choose wrong, you can compare All Risk car insurance and the best Total Loss Only Car Insurance car insurance for your vehicle. Compare best car insurance products from leading insurance companies throughout Indonesia
Every car insurance may have a varied policy. In general, how to calculate Total Loss Only Car Insurance and All Risk car insurance premiums is based on the insurance rate multiplied by the price of the car. The rate as presented in the table above is not the same for each region and category.